President Donald Trump during a visit to Las Vegas touted the tariff system, saying it “made so much money.”
“Years ago, 1870 to 1913, we didn’t have an income tax. What we had is tariffs, where foreign countries came in and they stole our jobs, they stole our companies, they stole our products, they ripped us off. Then we went to a tariff system. The tariffs system made so much money. It was when we were the richest from 1870 to 1913,” Trump said.
“Then we brilliantly came in with the income tax. We don’t want others to pay. Let’s have our people pay. Then you had the depression in 1928, 1929. I call it 1929. That was a bad time. But you didn’t have tariffs. You had tariffs that ended in 1913. It was the richest our country ever was,” he added.
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